This product has been acquired by MRI Software, LLC. Intuit recommends MRI Commercial Management instead.
Cleveland, OH January 22, 2010. Vista Equity Partners (Vista), a leading software- focused private equity firm, completed the acquisition of the Intuit Real Estate Solutions business (IRES) from Intuit Inc. IRES, a software provider of property management, accounting and investment management solutions to the global real estate industry, announced today that it is changing its name to MRI Software, effective immediately. MRI Software (MRI) will operate as a stand-alone company and will continue to be based in Cleveland, Ohio.
MRI’s Office/Industrial/Retail software provides the tools you need to run your business more efficiently, along with sophisticated, customized reporting and analysis. This powerful lease administration tool tracks every generation of a lease, including amendments, subleases and expansions, in one easy process.
Powerful operating expense recovery functionality combines the ease-of-use of a spreadsheet with completely automated processing.
From tracking invoices to printing checks to dealing with vendors, use Accounts Payable to take control of the bill-paying process. Powerful automatic processing, convenient built-in features, and multiple audit controls enhance productivity and accuracy. Quickly create MICR-encoded checks for better tracking and customize check designs. Digitized signatures and self-mailers increase productivity for large-volume check processing.
Intuit Real Estate Solutions (IRES) offers solutions for both retail tenants as well as owners and mangers. IRES’ Advanced Retail module allows owners and managers to build the industry’s premier retail management system by combining IRES’ feature-rich Commercial Management module with the industry-specific Advanced Retail system.
Now you can track and integrate information about store performance, leases, special events, locations, taxes and expenses while taking advantage of the robust lease and financial management features of the integrated MRI suite.
As Intuit Real Estate Solutions’ (IRES) Asset Management solution, ViewPoint™ brings together data from MRI Commercial, MRI Residential or combined solution to empower smarter decision making. Analyze data from any perspective with the use of drill-down queries, in-depth analysis and benchmarking tools. The result is superior control over day-to-day operations and concise, accurate intelligence to support long-range strategic planning.
Budget & Forecast
For a complete Budgeting and Forecasting solution that also includes integrated projections functionality, look to Intuit Real Estate Solutions’ (IRES) ForeSightTM. Use ForeSight to develop meaningful projections based on historical lease and financial information. Automatically incorporate CPI increases, recoverable operating expenses, percentage rents, and real estate taxes using actual data and calculations. Globally adjust projections for inflation, market rates, downtime, tenant improvements and more.
MRI’s Corporate AR module allows you to save time and money by simplifying the real estate receivables process. No longer do you have to go through the tedious process of setting up dummy leases to bill non-tenants.
Enterprise Ledger™ is designed to support the most sophisticated corporate consolidated and portfolio accounting requirements. This powerful solution manages all interentity ownership structures, flexibly supporting joint ventures, fund management and portfolio-level reporting. Enterprise Ledger combines with Intuit Real Estate Solutions’ (IRES) General Ledger application, extending the system into a powerful, comprehensive reporting tool that brings together financial information from all integrated systems.
Intuit Real Estate Solutions’ (IRES) Facility Management module combines complete preventive maintenance functionality and work order processing. Standardize all jobs, costs and time requirements. Automatically generate preventive maintenance work orders. Choose standard work order tickets or create your own. Identify maintenance trends before they become major repairs. Consolidate charges and control the level of detail presented on the tenant’s invoice.
General Ledger is an easy-to-use reporting tool that provides complete access and control of all financial information, from every perspective, so you can make well-informed decisions. General Ledger flexibly supports a variety of accounting methods and includes multi-currency functionality. Built-in tools speed up end-of-the-month processing. Customize each user’s access to sensitive information and control the processing capabilities allowed at each location.
From small tenant jobs to large-scale commercial and residential development, JobCost easily tracks all costs from inception to completion. Intuit Real Estate Solutions (IRES) designed JobCost with a highly intuitive user interface that reflects natural workflow and is both easy to learn and easy to use. Completely customizable to your unique business needs, JobCost handles any level of tracking - from the easiest to most complex construction jobs including new development, tenant requests and capital improvements.
Intuit Real Estate Solutions’ (IRES) LeaseFlowTM lease tracking module supports comprehensive management of the leasing process and is designed to shorten the leasing cycle for office, industrial and retail real estate. Track the flow of a lease from start to finish as you identify any slow downs in the process. Analyze the economic impact of various charges and concessions. Share all contact information among teams throughout your enterprise.
Intuit Real Estate Solutions’ (IRES) Purchase Order solution integrates seamlessly with Accounts Payable and General Ledger to provide a comprehensive solution with one point of data entry
As IRES’ report writing tool, the ReportDesign™ module helps you tailor reports to your unique requirements. Collect, sort, view and analyze data from all applications in any combination. This intuitive design tool includes built-in pre-defined functions and variables specific to property and asset management, a distinct advantage over nonspecific solutions. You control the look and feel of every report through virtually limitless options. ReportDesign also performs fast, accurate calculations and offers drill-down capabilities to see the supporting details of the report.
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